2008
DOI: 10.1111/j.1365-3156.2008.02125.x
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Assessing debt‐to‐health swaps: a case study on the Global Fund Debt2Health Conversion Scheme

Abstract: SummaryThe Debt2Health Conversion Scheme of the Global Fund to Fight AIDS, Tuberculosis and Malaria is used to reassess a range of recent initiatives that propose debt relief in exchange for spending in the health sector. The experience with debt swaps in the mid 1990s was far from positive, and recent improved insight in the economics of debt relief suggests extreme caution. We argue that the recent spade of debt swap proposals, even if targeting countries and debt titles that fall outside current major inter… Show more

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Cited by 16 publications
(32 citation statements)
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“…Also, the amount to be paid to the Global Fund by the debtor country is usually due sooner than the original debt repayment, and the local Treasury may not have funds available to pay the Global Fund. Finally, the increased government spending could be inflationary [33]. Those challenges can be mitigated with solid planning and implementation of the debt conversion.…”
Section: Resultsmentioning
confidence: 99%
“…Also, the amount to be paid to the Global Fund by the debtor country is usually due sooner than the original debt repayment, and the local Treasury may not have funds available to pay the Global Fund. Finally, the increased government spending could be inflationary [33]. Those challenges can be mitigated with solid planning and implementation of the debt conversion.…”
Section: Resultsmentioning
confidence: 99%
“…32 The remaining studies did not specify which methods they used. 3337 The two studies using a mix of quantitative and qualitative data were descriptive, without explicit methods of analysis. 38,39 …”
Section: Resultsmentioning
confidence: 99%
“…None of the included studies explicitly addressed interventions aimed at improving health information systems. Five studies did not target a specific disease, but were addressing wider issues such as countries’ absorptive capacity, 30 Global Fund's performance-based funding approach, 40 Global Fund-supported programmes’ contribution to international health targets, 41 an innovative financing scheme used by the Global Fund (Debt2Health Conversion Scheme) 37 or analysing stakeholder opinions and expectations using the Global Fund 360° Stakeholder Survey. 29 …”
Section: Resultsmentioning
confidence: 99%
“…7. For example cases and a detailed critique of such debt-for-health and debt-for-education swaps, see Cassimon et al (2008Cassimon et al ( , 2011b Article 5 (on debt conversion) refers to the need to ensure debt swap practice is consistent with agreements at the international creditor community level and to target those developing countries with the highest levels of external debt, preferably partner countries of Spain's development policy. 11.…”
Section: A U T H O R C O P Ymentioning
confidence: 99%